A broad swath of crypto businesses in Canada are intentionally acting as conduits for money laundering, Iran-linked sanctions evasion and organized crime, the federal anti-money laundering watchdog has found.
The alarming conclusion is contained in an internal briefing from the Financial Transactions and Reports Analysis Centre (Fintrac), authored around the time the Star and media partners published articles exposing unlawful practices by operations known as over-the-counter (OTC) cash desks or crypto-to-cash services.
